EOS News, Price Predictions, Opinions and Analyses Created by Users

EOS (EOS)

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The EOS project was launched by Dan Larimer and Block.One CEO Brendan Blumer in June 2018. Larimer, who is also the founder of the Steemit project, co-authored EOS’ whitepaper in 2017 with Brendan Blumer. Like Ethereum, it aims to become a decentralized computing platform that is focused on creating an ecosystem of decentralized applications, with the planned advantage of being able to process many more transactions than Ethereum. The project, which has nearly a billion tokens in circulation, raised $4 billion in its ICO, a development that was very notable for its time.

Despite the wide ranging goals of the platform, EOS has a strict focus on building comprehensive tools for enterprise development, allowing them to leverage the advantages of decentralized technology without having to worry about security, stability and performance. Decentralized storage is also an important aspect of the project’s development goals. Based on the InterPlanetary File System (IPFS), the storage feature would allow anyone to access data stored on the network via a web browser. This is also important in the context of dapps, which can use the storage system to store data.

EOS differs from Ethereum in that it operates on a delegated Proof-of-Stake consensus protocol. The token itself is used in on-chain governance and users can use this to vote for EOS’ 21 block producers, who earn tokens for validating transactions. 

The project has since moved strictly into a research and development mode, with Blumer saying that “great things take time”


🔥 EOS DeFi continues its strong uptrend ! TVL>$300mn

19 Mar 2021 2 minute read 11 comments Crypto_Lemon

Exactly 23 days ago I talked about the booming EOS DeFi landscape and thought the Crypto Pullback ended a nice EOS DeFi bull run. The original post is here Below are the EOS DeFi metrics from my previous post 23 days later, it seems I was quite rig...

Yup, an EOS DAPP, suddenly becomes No. 1 social platform after surpassing Steemit/Hive

7 Aug 2020 3 minute read 16 comments paragism

Cover Image Source I have a habit to check the activity of different DAPPs regularly. Today I was awestruck to see that an EOS DAPP has become number 1 social DAPP. In the last 24 hours, it had 2.1K active users and obviously that is not a matter of...

Battle of the Smart Contract Platforms - Ethereum vs EOS vs Cardano

22 Jan 2020 7 minute read 42 comments cam_elica_24

Image Source: Bitcoinist The rise of blockchain technology has revolutionized pretty much everything around us. But while bitcoin and other cryptocurrencies showed us that it was indeed possible to facilitate decentralized peer-to-peer payments, it...

Sensechat – The provably secure WhatsApp alternative on EOS

24 Sep 2020 2 minute read 4 comments paragism

EOS enthusiasts know about Sensechat. It evolved from Sensay, a cross-messenger chatting application conceived in 2015. The beta was launched a few years back and it garnered good reviews. The app made by Sense Chat Labs, a venture-backed technology...

Uplifting the Capacity of Boid: Mining Together 4 A Better Tomorrow

26 Apr 2020 4 minute read 11 comments Jimmy D [Uplift.Art l The Uplift World]

UpliftNation has decided to join the forces that be and create our very own BOID mining team for Season 4. The Who, What, & Where of BOID? Boid is essentially a social computer operating on the EOS Blockchain.  Essentially by mining BOID what you are...

Stellar Lumens: Currently Worthless, but a Hidden Gem?

21 Mar 2020 2 minute read 22 comments Thomas Wolf

For a while now I've been considering the fact that Proof of Work (POW) currencies that are hardware intensive such as Bitcoin would one day be rendered obsolete by currencies that operate under similar principles but use far less system resources, a...

What is WAX? Your Guide to the Largest NFT Market & the Confounding World of CPU, RAM, and Never-Enough Staking

26 May 2021 13 minute read 22 comments PopPopPrego

I took a solemn oath that I would be a more positive, optimistic fellow. Well, of course recent days in the crypto markets have made that challenging. It sometimes feels like we are slowly sinking into a pool that has no bottom. But hey, everyone lik...

Crypto or fiat? The most used method for laundering money

24 Aug 2020 9 minute read 25 comments Roberto D.

According to a United Nations report, money laundering costs the global economy between $ 800 billion and $ 2 trillion each year.These figures amount to 2% -5% of the global gross domestic product. Today, more than 90% of money laundering goes unnoti...

Cryptowriter: Chasing Catalysts - The Ideology of Worth in a New Era

25 Nov 2020 4 minute read 7 comments Thomas Wolf

There is a mere 37 trillion dollars in FIAT (cash) circulation in the US, while there are an estimated 1.2 quadrillion dollars in global circulation in other forms, including cryptocurrencies.  That is 1,200 trillion US dollars or more to play with o...

Why NFT's Are The Most Logical Advancement For Artists

25 Sep 2020 2 minute read 10 comments Sapphire

True Value Is On It's Way To The NFT Space Recent NFT sales surpassed $100 million and it appears that many are trying to get in on the next big opportunity in Crypto. Do you remember Crypto Kitties from the 2017 and 2018 ICO boom? How many of these...